Datasea Inc (DTSS)

[Xfree]

It looks like a good news to shareholders, right?

“On August 1, 2023, Datasea Inc. (the “Company”) entered into two separate subscription agreements (the “Agreements”) with a certain non-U.S. investor (the “Investor”), pursuant to which the Company agreed to sell and the Investor agreed to purchase an aggregate of 4,760,000 shares of common stock price (the “Shares”) at a $1.2 per share purchase price. The Investor understands that the Shares must be held for a period of 365 days. In accordance with the two Agreements, the Investor shall pay a total purchase price of $2,856,000 in RMB, with an amount of ¥ 20,000,000 no later than September 10, 2023 and another purchase price of $2,856,000 in RMB, with an amount of ¥ 20,000,000 no later than September 30, 2023.”